33.  Which of the following deficiencies alleged by the Securities & Exchange Commission in the Just-for-Feet case would not have involved deficiencies in evidence obtained of and from entity business states (EBS)?

35.  Under the Private Securities Litigation Reform Act (PSLRA), recklessness is defined as:

10.  Fraud risk factors (e.g., red flags) are facts, circumstances or other information that suggest the risk of a material unintentional financial statement error may be elevated.

35.  Under the Private Securities Litigation Reform Act (PSLRA), recklessness is defined as:

49.  Which of the following statements is the best description of the auditor’s indirect evidence problem?

35.  Under the Private Securities Litigation Reform Act (PSLRA), recklessness is defined as:

45.  Which of the following procedures would not be useful when assessing the appropriateness of management’s conclusion that the legal isolation criterion (i.e., bankruptcy remoteness) has been met for a transfer of financial assets?

47.  The Sarbanes-Oxley Act of 2002 included a provision in its Section 704 that required the SEC to study the causes of past alleged audit failures.  Which of the following causes of alleged audit failures was not included in the summary of Section 704 findings presented during this course?

31.  Indicate which of the following statements is/are appropriate justification(s) for why all audit procedures are risk assessment procedures.

37.  In the Campbell Soup Company case, one of the schemes used by Campbell was “guaranteed sales” at the end of the accounting period.  Which of the following audit procedures would most likely provide the strongest audit evidence about the valuation assertion pertaining to guaranteed sales?